For Sale

505 Danforth Avenue, Toronto E01, Ontario M4K 1P5

$49,999

505 Danforth Avenue, Toronto E01, Ontario M4K 1P5 is For Sale and has a listing price of 49,999. The property is located in the North Riverdale neighbourhood . It's been on the website for 8 Days.

  • Sale Of Business
    Property Type
  • MLS ID: E12205552
  • Office Name GET HOME REALTY INC.
Property Description

Turnkey Restaurant for Sale in Greek Town Extensively renovated Indian cuisine restaurant at the prime AAA+ location of Danforth and Logan, right in the midst of Greek Town. Licensed for 124 patrons inside and 12 on the front patio. Features a fully built-out main floor and basement, with all chattels and equipment included. Total space is 1,800 sqft with 4 years remaining on the lease and an option to renew. This well-kept, like-new, and very well-established restaurant experiences heavy daily foot traffic and high take-out volume from both loyal and new customers, including tourists. Conveniently located with easy parking available on multiple nearby streets. Highlights:- Fully equipped kitchen with 11′ exhaust hood, full range, walk-in cooler, and more; Significant investment made in kitchen build-out and leasehold improvements; Excellent structural integrity with all mechanical systems in great shape and 3-phase power; Licensed for 124 patrons inside, with an additional 12 on the front patio; Garage-style frontage that opens the dining room to the street; Currently operating as a successful Indian restaurant, but the space is adaptable to various concepts and styles of cuisine; Strong lease in place with a current rent of $10,112 per month, inclusive of TMI and HST; Four years remaining on the lease with options to renew.

Property Details
  • MLS ID: E12205552
  • Price: $49,999
  • Lot Depth: 110
  • Transaction Types: For Sale
  • Ref ID: E12205552
  • Year Built: N/A
  • Dir / Cross St: Danforth/Logan
  • Status: Active
  • Tax Year: 2024
  • Property Type: Sale Of Business
  • Property Type: Commercial
  • Property Sub Category: Business
Price History
List Date MLS ID List Price Status End Date Closed Price
06/08/2025 E12205552 $49,999 For Sale - -
04/10/2025 E12075096 $1 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
North Riverdale
  • $1,517,447 Average List Price
    based on 1 year
  • 12 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 9.01 % Below
  • Sold (12mo) 67
  • Rented (12mo) 76

  • 1 Month Change +48.8%
  • 3 Month Change +26.5%
  • 6 Month Change +3.1%
Walkscore
  • 99 Walk Score
    Walker's Paradise
  • 97 Transit Score
    Rider's Paradise
  • 83 Bike Score
    Very Bikeable
Additional Details
  • Heat Type Y
  • Garage Type Y
  • Taxes: N/A
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: IMMEDIATE
  • Listing Entry Date: 08/06/2025 19:12:47
Want to see this property?